Lamb Weston Holdings Inc. filed SEC Form 8-K: Costs Associated with Exit or Disposal Activities
$LW
Packaged Foods
Consumer Staples
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 5, 2026
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Item 2.05. Costs Associated With Exit or Disposal Activities
On January 5, 2026, Lamb Weston Holdings, Inc. (“we,” “our,” or the “Company”) committed to a plan to close our manufacturing facility in Munro, Argentina and consolidate production for the Latin America region to our new facility in Mar del Plata, Argentina. The contemplated closure is part of our efforts to improve operating efficiency.
In connection with the planned facility closure, we expect to incur total pre-tax charges of approximately $50 million to $60 million, substantially all of which are expected to be recognized in our fiscal year ending May 31, 2026. We estimate about half of these charges will result in future cash expenditures, substantially all of which are expected to be paid in fiscal year 2026. These cash and non-cash charges primarily relate to the write-down of long-lived assets and inventory, employee severance and other one-time termination benefits, costs associated with contracted raw potatoes that will not be used in production, and other related costs.
Forward Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws. Words such as “to,” “improve,” “expect,” “estimate,” “will,” and variations of such words and similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements include statements regarding our plans and strategies and anticipated benefits therefrom, including the estimated amounts and types of costs the Company expects to incur in connection with the planned facility closure. These forward-looking statements are based on management’s current expectations and are subject to uncertainties and changes in circumstances. Readers of this report should understand that these statements are not guarantees of performance or results. Many factors could affect these forward-looking statements and our actual financial results and cause them to vary materially from the expectations contained in the forward-looking statements. These risks and uncertainties include, among other things: operational challenges; our ability to successfully implement the facility closure, including achieving the benefits of those activities and possible changes in the size and timing of related charges; levels of labor and people-related expenses; our ability to successfully execute our long-term value creation strategies, including our Focus to Win strategy; the competitive environment and related conditions in the markets in which we operate; political and economic conditions in the countries in which we conduct business and other factors related to our international operations; actions of governments and regulatory factors affecting our businesses; and other risks described in our reports filed from time to time with the Securities and Exchange Commission. We caution readers not to place undue reliance on any forward-looking statements included in this report, which speak only as of the date of this report. We undertake no responsibility for updating these statements, except as required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LAMB WESTON HOLDINGS, INC. | ||||||||
| By: | /s/ Eryk J. Spytek | |||||||
| Name: Eryk J. Spytek | ||||||||
| Title: General Counsel and Chief Compliance Officer | ||||||||
Date: January 8, 2026 | ||||||||